Shentong Robot Education Group Company Limited provided earnings guidance for the year ended March 31, 2022. For the year, the Group is expected to record an increase in consolidated net loss to not more than HKD 85 million and increase of consolidated revenue to approximately HKD 11.5 million to HKD 12.5 million. The deterioration of results was primarily due to the derecognition of intangible assets upon the expiration of the China Robot Competition authorization amounting approximately HKD 89.5 million.